What is premium in SAP FIN-FSCM-TRM-TM - Transaction Manager?

SAP Term: premium

• Component: FIN-FSCM-TRM-TM

• Component Name: Transaction Manager

• Description: Difference by which the market value of a security exceeds its nominal value, usually specified as a percentage. Opposite of discount.

Smart SAP Assistant

• Key Concepts: 
  Premium is a term used in the Transaction Manager component of SAP's Financial Supply Chain Management (FSCM) module. It is a type of fee that is charged to customers for certain services, such as expedited delivery or special handling. Premiums are typically calculated based on the value of the transaction and can be either fixed or variable. 
  
  How to use it: 
  In SAP, premiums are managed through the Transaction Manager component. This component allows users to set up and manage premium fees for different services. Users can define the type of premium (fixed or variable), the amount of the premium, and any other conditions that must be met in order for the premium to be applied. 
  
  Tips & Tricks: 
  When setting up premiums in SAP, it is important to ensure that all conditions are clearly defined and that the amount of the premium is appropriate for the service being provided. Additionally, it is important to ensure that all applicable taxes and fees are taken into account when calculating the premium amount. 
  
  Related Information: 
  For more information on setting up and managing premiums in SAP, please refer to the official SAP documentation on Transaction Manager. Additionally, there are many online resources available that provide detailed instructions on how to use this component of SAP.